Question 41
By selling a T-shirt at 25% discount, Ramu manages to earn a profit of 20%. How much above the cost price did he mark the T-shirt?
Solution
Let the cost price be 100, so he sold the t-shirt for 120
But 120 was after 25% discount
So marked price = 120/.75= 160
So he marked the t-shirt 60% above the cost price.
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